UPDATE: J.P. Morgan Lowers PT on Allegheny Technologies on Pre-Announced 1Q13 Earnings
April 17, 2013 at 09:37 AM EDT
In a report published Wednesday, J.P. Morgan analyst Michael F. Gambardella reiterated an Underweight rating on Allegheny Technologies (NYSE: ATI ), but lowered the price target from $24.00 to $20.00. In the report, Gambardella noted, “On April 16 ATI pre-announced 1Q13 earnings of $0.09 per share, which fell well short
